AVPMF - Avrupa Closes Deal to Purchase Four Projects in Finland
(TheNewswire)
Vancouver, BC - TheNewswire - March 9, 2022 - Avrupa Minerals Ltd.( TSXV: AVU) (OTC:AVPMF) is pleased to announce the closingof a definitive agreement with Akkerman Exploration B.V. (AEbv), aprivate exploration company based in The Netherlands, to acquire threeCopper-Zinc projects in the Pyhasälmi VMS District and one goldproject in the Oijärvi Greenstone Belt. All projects are located inCentral Finland and held by AEbv subsidiary Akkerman Finland OY(“AFOy”). The Company announced details of the agreement in anews release dated December 20, 2021, and it may be reviewed on theAvrupa website using the following link: Avrupa to Acquire Four Exploration Properties inFinland .
Paul W. Kuhn, President and CEO of Avrupa, commented,“We are really excited to close the agreement with AEbv, allowing usthe ability to generate new projects for our pipeline in areas withpresently active exploration and recent historic mining. With thecurrently-rising metals’ prices, this is an opportune time to havenew, high-quality targets to upgrade to drilling status in the comingyear, and will work closely with AEbv to expedite the progress. Wehave already submitted the application for the Kolima explorationlicense, and will work next to advance the Kangasjärvi reservation toan exploration license application. The application area willcertainly cover the past-producing Kangasjärvi zinc mine and apparentextension targets, as well as other potential prospects identifiedduring a recently completed, helicopter-supported SkyTEM geophysicalsurvey.”
The Company issued 1,470,000 common shares and paid €150,000 to AEbv for the initial 49% of AFOy, and deposited € 200,000into AFOy dedicated for first year exploration expenditures. Avrupawill continue to update the market on progress in Finland, as well asat the Alvalade JV Project in Portugal, where the Company has beendrilling at the Sesmarias Copper-Zinc massive sulfide prospect.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and developmentcompany directed to discovery of mineral deposits, using a hybridprospect generator business model. The Company holds one 100%-ownedlicense in Portugal, the Alvalade VMS Project, now optioned toSandfire MATSA in an earn-in joint venture agreement. Avrupa focusesits project generation work in politically stable and prospectiveregions of Europe, presently including Portugal, Finland, and Kosovo. The Company continues to seek and develop other opportunities aroundEurope.
For additional information, contact Avrupa Minerals Ltd. at1-604-687-3520 or visit our website at www.avrupaminerals.com .
Paul W. Kuhn, President & Director
This news release was prepared byCompany management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a LicensedProfessional Geologist and a Registered Member of the Society ofMining Engineers, is a Qualified Person as defined by NationalInstrument 43-101 of the Canadian Securities Administrators. He hasreviewed the technical disclosure in this release. Mr. Kuhn, the QP,has not only reviewed, but prepared and supervised the preparation orapproval of the scientific and technical content in the newsrelease.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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